Report Highlights

The global market for contact lenses has grown to $9.4 billion in 2014 from $8.9 billion in 2013. The market is expected to grow at a five-year compound annual growth rate (CAGR) of 1.9% from 2015 to 2020, increasing from $9.2 billion in 2015 to $10.1 billion in 2020.

Report Includes

An overview of the global market for contact lenses, including soft, rigid, and hybrid lenses.

Analyses of global market trends, with data from 2014, 2015, and projections of CAGRs through 2020.

Coverage of present and future strategies within the contact lens market, which includes soft and rigid gas permeable contact lenses and several other types, which can be separated by design and by their usage.

A breakdown of the market and its products by purpose, usability, design, corrective nature, and other characteristics.

Profiles of leading companies in the industry.

SCOPE OF THE STUDY

This report focuses on the global market for contact lens products and provides an up-to-date review of all market segments with analysis by type, design, purpose, and application.

The report covers North America, Europe and emerging markets such as India, China, Japan, Korea, Taiwan, Africa, Australia and New Zealand. Regulatory environments, new products and advancements, market projections and market shares are analyzed. Also included in the report are relevant patent analyses and comprehensive profiles of the companies that lead the contact lens market. Abbott Medical Optics Inc., Alcon, Bausch + Lomb, CooperVision Inc. and Johnson & Johnson Vision Care Inc. dominate the market. These five largest players account for more than 85% of the global contact lens market.

Analyst Credentials

Shalini Shahani Dewan focuses on pharmaceuticals and biotechnology and has been a BCC Research contributor since 2002 as both an analyst and project manager. She has explored a wide range of topics and companies, including working for Johnson & Johnson doing market surveillance. She has an undergraduate degree in pharmacy and master's degree in medicinal chemistry. She resides in the Bay Area.

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Published - Mar-2014|
Analyst - Shalini Shahani Dewan|
Code - HLC096B

Report Highlights

The global market for contact lenses grew from $18.7 billion in 2012 to $18.9 billion in 2013. This market is expected to reach $20.1 billion by 2018, a compound annual growth rate (CAGR) of 1.2% for the five-year period 2013 to 2018.

Report Includes

An overview of the global market for contact lenses, including soft, rigid, and hybrid lenses.

Analyses of global market trends, with data from 2012 and 2013, and projections of CAGRs through 2018.

A breakdown of the market and its products by purpose, usability, design, corrective nature, and other characteristics.

Profiles of leading companies in the industry.

Published - Jan-2012|
Analyst - Varsha Bhat|
Code - HLC096A

Report Highlights

The global contact lens market was valued at $7.2 billion in 2010. This market reached nearly $7.8 billion in 2011 and will grow to $11.6 billion in 2016 at an estimated CAGR of 8.4% from 2011 to 2016.

The global market for hydrogels totaled $15.6 billion in 2016. The market should total $16.5 billion in 2017 and $22.3 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.3% from 2017 to 2022.

The U.S. eldercare market reached $381.6 billion in 2014 and nearly $417 billion in 2015. The market should reach $512.7 billion in 2020, demonstrating a compound annual growth rate (CAGR) of 4.2% from 2015 to 2020.

The global orphan drug market totaled nearly $123 billion in 2014 and will continue to grow to reach nearly $191 billion by 2019, demonstrating a compound annual growth rate (CAGR) of 9.2% during the forecast period (2014 to 2019).

The global ophthalmic therapeutic drug market was valued at $12.3 billion in 2014. This market is expected to reach $19 billion by 2019, with a compound annual growth rate (CAGR) of 9.1% from 2014 to 2019.